Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the country endures a third lockdown. The Financial Conduct Authority said Thursday that the pandemic is pushing the firms to the …
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, tallied by the German reinsurer Munich Re , …
Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic partnership of consistent capacity provision that dates back more …
Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to operate under its established brand name. Terms of the deal weren’t disclosed. IPC is a managing general agent and program manager specializing …
Arthur J. Gallagher & Co. has acquired Phoenix, Ariz.-based Ashton Tiffany LLC. Terms of the deal were not disclosed. Ashton Tiffany founders John Ashton and Michael Tiffany, Jr., and their associates, will continue to operate from their current location as …
Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth to buy Genworth, a $2.7 billion cash deal that was first proposed in October 2016. The parties had originally hoped …
Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume responsibility for its book of staffing business with …
World Insurance Associates LLC (WIA) has acquired R.S. Gilmore Insurance Agency Inc. of North Attleboro, Mass., on December 1, 2020. Terms of the transaction were not disclosed. The R.S. Gilmore Insurance Agency Inc. was established in 1938 and has grown …
Two businesses and their owners have been charged with fraud against the New York State Insurance Fund (NYSIF). Manuel Sanchez and his business Lagos Construction have been charged with grand larceny and other crimes for allegedly failing to pay insurance …
The U.S. Environmental Protection Agency (EPA) chief said on Monday he has finalized a rule to limit what scientific research the agency can use to formulate regulations, in a concession to big business weeks before President Donald Trump leaves office. …